The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

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Answer 1

Question

Chapter 7, Problem 7.34AE

1.

To determine

To Compute: The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

2.

To determine

To Compute: The asset turnover for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

3.

To determine

To Compute: The return on assets for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015, and also to identify the component, whether net profit margin ratio or asset turnover, was mostly responsible for the change in the company’s return on assets.

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Silver Enterprises started the year with the following: Assets $70,000; Common Stock $20,000; Retained Earnings $10,000. During the year, the company earned revenue of $25,000, all of which was received in cash, and incurred expenses of $20,000, half of which were unpaid as of the end of the year. In addition, the company paid dividends of $5,000 to owners. Assume no other activities occurred during the year. Determine the amount of Silver's liabilities at the end of the year.

Answer 2

Question

Chapter 7, Problem 7.34AE

1.

To determine

To Compute: The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

2.

To determine

To Compute: The asset turnover for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

3.

To determine

To Compute: The return on assets for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015, and also to identify the component, whether net profit margin ratio or asset turnover, was mostly responsible for the change in the company’s return on assets.

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Answer 3

Question

Chapter 7, Problem 7.34AE

1.

To determine

To Compute: The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

2.

To determine

To Compute: The asset turnover for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

3.

To determine

To Compute: The return on assets for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015, and also to identify the component, whether net profit margin ratio or asset turnover, was mostly responsible for the change in the company’s return on assets.

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Answer 4

Question

Chapter 7, Problem 7.34AE

1.

To determine

To Compute: The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

2.

To determine

To Compute: The asset turnover for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

3.

To determine

To Compute: The return on assets for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015, and also to identify the component, whether net profit margin ratio or asset turnover, was mostly responsible for the change in the company’s return on assets.

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Answer 5

Chapter 7, Problem 7.34AE

1.

To determine

To Compute: The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

2.

To determine

To Compute: The asset turnover for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

3.

To determine

To Compute: The return on assets for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015, and also to identify the component, whether net profit margin ratio or asset turnover, was mostly responsible for the change in the company’s return on assets.

Answer 6

Chapter 7, Problem 7.34AE

1.

To determine

To Compute: The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

Answer 7

Chapter 7, Problem 7.34AE

1.

To determine

To Compute: The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

Answer 8

2.

To determine

To Compute: The asset turnover for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

Answer 9

2.

To determine

To Compute: The asset turnover for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

Answer 10

3.

To determine

To Compute: The return on assets for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015, and also to identify the component, whether net profit margin ratio or asset turnover, was mostly responsible for the change in the company’s return on assets.

Answer 11

3.

To determine

To Compute: The return on assets for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015, and also to identify the component, whether net profit margin ratio or asset turnover, was mostly responsible for the change in the company’s return on assets.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 7 - Prob. 1QC Ch. 7 - Prob. 2QC Ch. 7 - Prob. 3QC Ch. 7 - Prob. 4QC Ch. 7 - Prob. 5QC Ch. 7 - Prob. 6QC Ch. 7 - Prob. 7QC Ch. 7 - Prob. 8QC Ch. 7 - Prob. 9QC Ch. 7 - Prob. 10QC

The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

To Compute: The net profit margin ratios for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

To Compute: The asset turnover for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015.

To Compute: The return on assets for the years ended January 31, 2015 and 2014 and to comment whether it improved or worsened in 2015, and also to identify the component, whether net profit margin ratio or asset turnover, was mostly responsible for the change in the company’s return on assets.

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Chapter 7 Solutions